Wells of Love Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To spread the Gospel bring people into the kingdom of God and bring together a community of believers to strengthen our faith.
- Income
- $117,650
- Spending
- $117,966
- Reserves
- 0.1 months of spending
- Largest source of income
- donations and private grants, 100%
- Highest pay
- $32,986, senior pastor
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $7,653 spent. Wells of Love entered into an agreement beginning in 2023 to fix up a run-down building in exchange for use of the building as a church. Although the building was substantially complete and able to be used by time we began using the building in 2024 there were still renovations to be done. Wells of Love made major progress in completing the upstairs portion of building along with adding some finishing touches to the main portion of the building used by the church.
- $800 spent. Wells of Love pastors Shane Goodpaster and Josh Simmons minister to prisoners on a weekly basis and they occasionally travel to Fort Wayne for further prison ministry. Wells of Love serves as a place of support and positive influence for these individuals once they are released from prison. Therefore the expenses in this category include fuel for the drive to the prison necessary meals associated with long-distance travel and an estimation of the charitable giving used to help the prisoners transition to life outside of jail.
- $7,500 spent. Wells of Love started the 2024 year with three individuals on the worship team who were responsible for Wednesday night and Sunday morning music for church services along with any additional conferences events which required music. Wells of Love grew the worship team to eight members by the end of 2024 by expanding the reach of the church and encouraging people to use their God-given talents. We were also able to purchase most of our own sound equipment as we were previously borrowing instruments speakers etc from another Christian nonprofit. Expenses in this category include these sound equipment purchases and an estimate of the amount paid to the worship team during conferences and other church events involving worship.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.